Sunday newspaper share tips: 3i, Barclays, JD Weatherspoon, Genel Enerji and …

August 12, 2012 by  
Filed under Solar Energy Tips

By
This Is Money Reporter

07:25 EST, 12 August 2012


|

07:25 EST, 12 August 2012

We round up the share tips from the Sunday newspapers.

Shares looked at include, 3i, Barclays, JD Weatherspoon, Genel Enerji and PV Crystaloz Solar.

To sign up for exclusive share tips visit Midas Extra here.

A closer look: We highlight what shares are being tipped this weekend

A closer look: We highlight what shares are being tipped this weekend

Financial Mail – Midas

Simon Borrows the new boss of investment group 3i has made more than £1.5million on his investment but there is still time for others to make money from this stock.

The stock is one of Britain’s best known but it has recently lost its way. Borrows is going back to basics. The shares could be good for long term investment.

Barclays has been hit hard in recent weeks. Nevertheless, non-executive director Reuben Jeffery spent £1.1million on Barclays shares last month.

Five years ago the stock was worth more than 500p but financial crisis and inter-bank lending rate scandal has taken its toll. A stock for the patient punter.

It’s possible that the Olympics will provide a further boost to sales at JD Weatherspoon.

However, pubs have been hit by rising raw material costs, rising energy prices, rising duty and falling consumer income. Investors who bought in 2009 should hold tight.  

- Read the Midas column in full.

Sunday Telegraph

Genel, the oil investment vehicle headed by Tony Hayward, the former chief executive of BP, has been unloved by the stock market.

Since its purchase of Turkish oil group Genel Enerji, which owns producing and exploration assets in the Kurdistan region of Iraq, the shares have plunged by a third. The company is also backed by financier Nathaniel Rothschild and its finance director is Julian Metherell, a former Goldman Sachs partner.

Genel had 1.8 billion US dollars (£1.15billion) of cash when it gave its last trading update. Last week it spent 240 million US dollars (£153million) buying an additional 21 per cent interest in a Kurdish oilfield called Bina Bawi to bring its stake to 44 per cent.

This means that about 78 per cent of its current market capitalisation is backed by cash in the bank.

Indeed, part of the reason for the under-performance has been the ‘cash drag’. Money sitting in a bank earns little return at the moment and the market has been waiting for a big acquisition.

Last month, Genel spent £32 million buying Barrus Energy, giving it oilfields in Morocco and Ivory Coast.

However, Genel is the largest oil producer in the semi-autonomous region of Iraq. No agreement on an oil law with the Iraq central government has been reached, but there are signs that progress is being made on exporting more oil to Turkey.

Reports suggest discussions with the Kurdish and Turkish governments may result in the construction of a pipeline. Shares are 695p and are a speculative buy.

The Sunday Times

PV Crystalox Solar at its height in 2008 was tickling the £1billion mark, however as of Friday it is worth just £33million.

Its main plant in Germany is sitting idle waiting for the price of panels to recover. 

Analysts have pencilled in a big loss for the first half of the year.

Even if prices do stage a comeback it seems that PV Crystalox’s glory days are surely behind it.

Comments are closed.